Market News

The US Dollar Index fell on Monday trading, largely as a result of cautious optimism that Donald Trump’s tax reform bill could be moving closer to ratification.

Wall Street closed higher on Friday and Asian stock markets followed suit on Monday morning, with investors expressing optimism

This week will see a news agenda of average weight, with the key items coming as key economic data releases for the U.S. Dollar. There will also be important Japanese and Australian central bank input.

The US Dollar was on the backfoot in Asian trade on Friday after two Republican Senators said yesterday that they would need to see more changes to the proposed tax reform bill.

The Pound Sterling crept higher during trade on Thursday ahead of the eagerly awaited policy meeting from the Bank of England.

Yesterday’s FOMC decision to raise the U.S. interest rate by 0.25% to 1.50% had been long expected by the market and was no great surprise, but the following hours saw a responsive hike by China albeit by just five basis points

The US Dollar Index edged away from the recently struck 4-week peak after news that Trump favored Senate candidate Roy Moore lost in his bid for the open seat to Democrat Doug Jones.

Despite repeated warnings from global financial regulators and professional market analysts that bitcoin is in a dangerous bubble, the price of the crypto currency continued to climb on Wednesday

The US Dollar took a breather after its latest rally as markets ponder the likely outcome of the next Federal Reserve policy meeting due to kick off later today and conclude tomorrow with a rate decision.

A shutdown of Britain’s Forties North Sea pipeline on Monday sent Brent crude oil prices above the $65 per barrel mark on Tuesday for the first time since June 2015.

The Pound Sterling steadied during trade on Monday after Friday’s disappointing showing.

Bitcoin futures (XBT) were first traded over the weekend on the Chicago-based CBOE Global Markets exchange, but their price skyrocketed from an opening of $15,460 on Sunday evening to a high of $18,700 in only a few hours.

The US Dollar edged higher during Asian trade today; the US Dollar Index is poised to record a gain for the week against a weighted basket of its peers.

The Pound Sterling remained close to an 8-day low as FX traders monitor the latest Brexit related developments.

Bitcoin rose to over $14,000 on Wednesday afternoon, less than 24 hours after crossing the $12,000 mark.